In a clear downtrend, the pair is once again approaching its falling diagonal resistance which keeps adding downward pressure.
A short position can thus be opened at current prices @ 1.06190, playing the likely scenario of a continuation of a downtrend garded by this diagonal. Place a stop loss above the diagonal in case of an upside breakout.
A short position can thus be opened at current prices @ 1.06190, playing the likely scenario of a continuation of a downtrend garded by this diagonal. Place a stop loss above the diagonal in case of an upside breakout.
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